Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities

U.S. Government Accountability Office

Senior Preferred Stock Purchase Agreements

Administering Agency/Entity Department of the Treasury
Short Description Purchase of senior preferred stock of Fannie Mae and Freddie Mac so that they maintain a positive net worth.
Primary Purpose Emergency assistance to housing market or current homeowner
Type of Housing Supported Both
Type of Assistance Other
Fiscal Year 2010 Obligations Purchase of government-sponsored enterprises' stock in fiscal year 2010 was worth $52.6 billion. The ultimate amount that Treasury will have received for the preferred stock has yet to be determined.

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